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  1. Samaras sets out New Democracy's plans for growth

    Economy

    GDP rise of more than 30 percent on the 2014 figure of 178.9 billion that would bring nominal GDP... lower than the peak of 242.1 billion in 2008. However, for this target to be achieved, nominal GDP..., tourism and agriculture are projected to contribute more than half (55 percent or almost 30

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  2. Newsletter 12 - 23/01/2015

    Newsletters

    parties to amass 11 percent in order to secure 151 seats. percent, which is much higher than its potential... in March. In previous transactions like this, foreign investors purchased more than half of these notes... and much lower than those before the June 2012 elections. The BoG has officially stated

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  3. Newsletter 13 - 30/01/2015

    Newsletters

    line than previous governments. The new government wasted no time in showing its domestic... surpluses of between 1 and 1.5 percent of GDP rather than the current target of 4.5 percent. What... to the eurozone, the month of December saw a deposit outflow, to the tune of 4.2 billion euros, more than

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  4. Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership

    EconomyMacroeconomy

    rate remains around 80 bps above the euro area average and more than 60 bps higher than the respective... mid-2010. However, the current rate remains around 2 percentage points higher than the euro area average... stable at 5.97 percent (for amounts lower than 250,000 euros) and at 5.22 percent (for amounts between

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  5. Newsletter 15 - 13/02/2015

    Newsletters

    could be accepted and whether Greece would be allowed to issue more than the 15 billion euros in T... the lowest since 2011. Greek investors (mainly banks) have to cover the entire issues, compared to less than... that more than 15 billion have been withdrawn from Greek banks in last two months, bringing

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  6. Finance Ministry targets 3 bln from unpaid taxes

    EconomyMacroeconomy

    1.1 billion in January, which is slightly lower than the 1.27 billion recorded in December and 1.59... and more than 450,000 firms. The breakdown shows that 86 percent of individuals and 79 percent... totalling up to 5,000 stands at 2.3 billion (3 percent). Unpaid tax obligations higher than 5,000

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  7. Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014

    EconomyMacroeconomy

    standing at 217.92 billion making up more than two-thirds (67.2 percent) of total debt. Note... years in Q4 from 16.5 years in Q3. The latter was the highest historical reading. More than 77 percent of outstanding debt has a residual maturity of more than 5 years, while the remaining 23 percent

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  8. A closer look at planned laws for unpaid taxes and home foreclosures

    EconomyMacroeconomy

    billion euros. The breakdown of unpaid taxes showed that 46.6 billion - or more than 60 percent of tax arrears - were created over the past 5 years. More than 3.7 million taxpayers, of which 3.33 million are individuals, owe less than 5,000 euros each and the cumulative outstanding overdue taxes

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  9. Unemployment rate edges up to 26.1 pct in Q4 2014

    EconomyMacroeconomy

    than 2 pp YoY to 29.6 percent. However, it is still more than 6 pp above that of men at 23.3 percent. Youth unemployment (15-24 years) dropped by more than 5 pp YoY, yet it remains above the 50-percent... with the unemployment rate decreasing by more than 3 pp YoY to 41.1 percent. The 30-44 age group also showed

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  10. Lower spending, extra revenues result in budget execution beating targets in March

    EconomyMacroeconomy

    (by 1.18 billion) and higher Public Investment Budget (PIB) surplus (by 856 million) more than offsetting... target by 491 million, primary expenditure was 589 million lower than target, while PIB revenues were... with the respective surplus at 648 million more than three times higher than the February figure

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